In this episode of Fire in the Belly, Mighty Pete has an in-depth conversation with the self-described “business sounding board” Phil Fraser, about what it’s like being a mentor for other business owners, taking risks as an entrepreneur, and how you can take advantage of the happy accidents that happen along the way.
KEY TAKEAWAYS
- There is a difference between being someone’s mentor (someone who’s been where you currently are and can help you through that process); a coach (someone who has a specific skill set to impart); and a consultant (the person who can give career specific advice)
- As one’s business grows, you will naturally employ people who are better at certain things than you are – the trick is to delegate properly.
- Sometimes, you will be the only person who sees what your business can become. Self confidence and faith in your own abilities is a key trait of any successful entrepreneur.
- When faced with a decision involving your business, consider three things:
1) whatever the “problem” is, you’re not alone – someone has gone through this before 2) what is the worst that could happen?
3) what is the best that could happen?
BEST MOMENTS
- “Bring me your problems, and I’ll give you solutions.”
- “Hitting whatever target you set, whatever the goal is, if you get to that goal, that’s success.”
- “It was a failure that, by accident, triggered an opportunity. … There are a lot of opportunities out there that a lot of people miss because they think they can’t do (it).”
- “(A great question is) when was the last time you did something for the first time?”
ABOUT THE GUEST
Phil Fraser is a former advertising and marketing executive, based in Leeds. As a successful entrepreneur, he took one of his “far-fetched ideas” from a “kitchen table start-up” with limited funding to a multi-million-dollar sale 18 years later. Now, his enduring passion is to help entrepreneurs avoid some of the detours he took on his own path to success. With a storied background in marketing, advertising, and hustling, Phil wants to help others to find and achieve their own visions, by providing a range of services targeted at keeping his clients both in their business’ day-to-day and reaching towards the future.
CONTACT METHOD
Website: https://philfraser.co.uk/
LinkedIn: https://www.linkedin.com/in/philfraser/
Twitter: https://twitter.com/phil_fraser
YouTube: https://www.youtube.com/channel/UCxOB04UJc2YvBx5QTnv8p2w
ABOUT THE HOST
The ‘Mighty Pete Lonton’ from the ‘Mighty 247’ company is your main host of ‘Fire in The Belly’.
Pete is an entrepreneur, mentor, coach, property Investor, and father of three beau98tiful girls. Pete’s background is in project management and property, but his true passion is the ‘Fire in The Belly’ project itself. His mission is to help others find their potential and become the mightiest version of themselves. Pete openly talks about losing both of his parents, suffering periods of depression, business downturn and burn-out, and ultimately his years spent not stoking ‘Fire in the Belly’. In 2017, at 37 years of age that changed, and he is now on a journey of learning, growing, accepting, and inspiring others.
Pete can connect with people and intuitively asks questions to reveal a person’s passion and discover how to live their mightiest life. The true power of ‘Fire in The Belly’ is the Q&A’s - Questions and Actions section.
The ‘Fire in The Belly’ brand and the programme is rapidly expanding into podcasts, seminars, talks, business workshops, development courses, and rapid results mentoring.
CONTACT METHOD
https://www.facebook.com/mightypetelonton/
https://uk.linkedin.com/in/mightypete
https://www.facebook.com/groups/430218374211579/
Support the show: https://www.facebook.com/groups/430218374211579/